Folks have a hard time understanding how it is okay for the well-connected to play by one set of rules, while the rest of us are held to another.

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** Pelosi Stock Scandal Puts Spotlight on Double-Standard
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Ed Thelander today expressed amazement at how little Congressional leadership understands or cares for the tough times ordinary Americans are facing following news reports that Paul Pelosi, the husband of House Speaker Nancy Pelosi, allegedly took a $5 million stake in computer chip stocks just before a bill opening the federal spigot to spend on those very same chips came up for a vote. “This development, if true,” Thelander said, “only strengthens the case for barring members of Congress and their spouses from trading on stocks while in office.”

“Regular folks have a hard time understanding how it is okay for the well-connected to play by one set of rules, while the rest of us are held to another. Then they tell us how grateful we should be for the small-dollar stimulus hand-outs while Congress has lavished trillions on pet projects over the last two and a half years,” Thelander said.

Previous instances of wealthy figures in Congress making questionable stock trades when they held privileged information about upcoming policy changes have already fueled calls for new rules. California Senator Dianne Feinstein’s last husband Richard Blum made tens of millions of dollars in China-related deals after his wife changed her vote on Most Favored Nation Status for the communist country in the 1990s. Former Senate Intelligence Committee Chairman Richard Burr stepped down while his multi-million dollar sell-off of hospitality stocks was probed because it coincided with a Top Secret briefing he’d received that day about the economic impact of COVID-19 globally and in the U.S.

“Introduction of the “Trust in Congress Act” (H.R. 336) back in January is nothing but an election-year fig leaf. This has been going on for a long time. How else do you explain how so many members of Congress become millionaires on a salary of $174,000? Congressional leaders don’t seem to care what we think just months away from a potentially historic mid-term election,” Thelander added. “Earlier this summer we were treated to photos of the Pelosis enjoying themselves at a posh Italian beach resort owned by an opera star. Why couldn’t they have come to Maine and spent some of their money here? The very rich, who also happen to be the very powerful, just don’t get it.”

Ed Thelander is the Republican candidate for Maine’s 1st Congressional District and resides in Bristol.

For more information: (207) 449-5636 or [email protected]
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